Signs are pointing to a looming slowdown in global trade growth,according to Morgan Stanley.
Each component of the bank's proprietary global trade leadingindicator — except the U.S. dollar — declined in April to markback-to-back drops for the index, which is used to forecast realactivity with a one-month lead.
“Business sentiment, crude oil, commodity prices and Baltic DryIndex shipping rates all pulled the index lower,” said a team ledby economist Elga Bartsch. “If [the] Morgan Stanley global tradeleading indicator declines three times in a row, we will likelyhave established a new downtrend in global merchandise tradedynamics.”
Continue Reading for Free
Register and gain access to:
- Thought leadership on regulatory changes, economic trends, corporate success stories, and tactical solutions for treasurers, CFOs, risk managers, controllers, and other finance professionals
- Informative weekly newsletter featuring news, analysis, real-world cas studies, and other critical content
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the employee benefits and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
